Beyond Meat misses by $0.48, reports revs in-line; guides Q4 revs below consensus
- Reports Q3 (Sep) loss of $(0.87) per share, excluding non-recurring items, $0.48 worse than the S&P Capital IQ Consensus of $(0.39); revenues rose 12.7% year/year to $106.43 mln vs the $106.1 mln S&P Capital IQ Consensus.
- Co issues downside guidance for Q4, sees Q4 revs of $85-110 mln vs. $127.73 mln S&P Capital IQ Consensus.
- Co continues to be affected by near-term uncertainty related to COVID-19 and its potential impact including on demand levels, labor availability and supply chain disruptions.
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